CBRE has arranged the lease of a 770-square-foot retail space to Stride Lab, a Japan-based specialty shoe store, at Siena Square in Boulder. This is Stride Lab’s first location to open in the U.S.
Molly Bayer of CBRE represented the tenant. The landlord in the transaction is Twenty-Sixty Broadway Partners, LLLP. Geoffrey Keys of Keys Commercial Real Estate is the listing agent for Siena Square.
“I’m so pleased to welcome Stride Lab to the U.S. by finding them a space in Siena Square, the perfect location to help their business grow overseas,” said CBRE’s Bayer.
Located at 2060 Broadway, Siena Square is a Class A mixed-use property located near Pearl Street. The property is within walking distance of other shops and restaurants. The building was beautifully renovated in 2020 and features a variety of available office suites ranging in size and layout. These available spaces are in good condition and can be taken immediately as-is or improved to meet any requirement. The building features common showers, bike storage, and seating throughout its stunning five-story atrium.
“Opening our first Stride Lab in the U.S. and introducing a natural footwear store in Boulder is a real milestone and just the start of our U.S. expansion,” said Cedric Scotto, CEO and co-founder or Stride Lab.
According to CBRE, in Q1 2024 the Denver retail market posted just over 356,000 square feet of positive net absorption, a sharp increase from the 52,000 square feet in the previous quarter and an increase of 3.6% year-over-year. Direct vacancy decreased 20 basis points (bps) quarter-over-quarter to 5.7%, while the total availability rate increased 30 bps to 6.2%.
